Idaho semi-weekly world. [volume] (Idaho City, Idaho Territory) 1875-1908, 1887-11-04
How to Get Rich.

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msnts of wealth, General BENZ. +.
Butler responds as follows:
A difficult task to set before me,
as circumstances under which young
men commence life are SO widely
varied. But | think more young
men fail in the investment Of what
they earn or receive than in any 9TH
er way to receive or acquire property.
The temptations to speculate are so
great, and the desire to become sud
denly rich so strong, that | believe
eight out OF ten, il not more, of young
men are wrecked at the very begin
ming.
II young man is earning some
thing more than the expense of his
living. and has no object in view, he
is likely either to increase those ex-
penscs carelessly, or to loan money to
his friends, and in so doing, in the
majority of cases he will lose both
friends and money. So the best
thing he can do is to have an object,
gather up his money, and have call
for il which shall be profitable one.
He makes no investment because he
says: ~ have got so little money
that it won't come TO anything. |
will wait until | get little more;"
and in waiting, generally, what he
has goes,
When young man has very lit
tie money, let him buy some proper
~, preferably piece, however small
according TO his means, Of improved
real estate that is paying rent. He
had better buy it when sold at auc-
ton, under judicial sale, paying in
cash what he can, giving his note for
the balance, in small sums coming
due at frequently recurring intervals,
secured by mortgage on the pro-
perty, and then use all his extra in
come in paying up these notes. 1t is
always safe to discount your own
note, and il the note comes a little
too fast, us soon as he gets anything
paid, his friends will aid him when he
is putting his money where it cannot
he lost, and where the property is
taking care OF the interest, and in a
very short time he will find that he
has got a very considerable invest,
ment. He will become interested in
1t, save his money to meet his notes
and he will directly come into con.
siderable possession of property, and
hardly know how it came to him
That is, he will have had motiv,
for saving aud he will not be tempted
to enter into speculations. Nothing
is so safe for an investment as i'm
proved real estate. Nothing is likely
to grow In value faster In the last
fifty years 80 per cent Of all the bust
ness corporations have failed or gone
out OF business, so that their stock
has been wiped out. In the last Eft,
years, all the improved real estate OF
the average has paid its interest and
taxes and quadrupled in value. Il
young mans father can give hin
anything to start him in the world he
had better invest it in that way ant
let it accumulate and earn his livinl
and be will be richer than il be ha,
gone into business. Jay Gould i
said to have started from nous,
seller TO become a millionaire. As
suming that 10 be true, he is only
one of 60,000,00o OF people: and il
any young man thinks that he is go
ing to initiate Jay Gould, there ar,
10000, 600 chances that he won't sue
ceed
he rule / would lay down for q
young man is, never To do a NEAR
thing for money. Be prudent anc
saving OF your money. BE careful IL
have no interest account running
agains, you, unless you haze an cqua
or greater interest account running il
your favor. Work diligently, and
you are sure Of Il competency in your
old age; and as early as possible, il
you can, find saving, prudent girl
who has been brought up by mother
who knows how 10 take care OF a
house, and make a wife OF her. She
will aid and not hinder you.
claim no originality in this nd
vice, and will relate to you an Incl.
deaf in my own experience to illus.
trate it. In my early practice in my
profession, was quite successful in
earning money, and had a small
balance in the Lowell bank, at the
head Of which was Mr.. Jas. G. Car.
ney. The bank was directly across
the hall from my office. stepped